The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

TurboTenant reports that the IRS will know about your rental income, and failing to report it can lead to serious penalties ...

Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

The good news is that a new tax benefit aimed at helping families with children under 17 is now in effect. For the tax years beginning in 2025 and beyond, the federal federal-credit, known as the ...

What will the extra lucky winner do with their $654 million Powerball Jackpot? The odds of winning the jackpot are 1 in 292.2 ...

Experts said the IRS won't be fully operational for weeks and its employees face a backlog of questions and preparations for ...

Seventy-one-year-old Middlebury resident Edward Sodlosky waived his right to be indicted and pleaded guilty Wednesday in New ...

Discover 20 real estate tax deductions agents actually use to lower their taxable income, cut costs and keep more of their ...

The Early Tax Careers webinar is a one-day class designed for tax practitioners in their first through fifth years of practice seeking deeper proficiency. The program dives into the comprehensive ...

In this week's Ask the Editor Q&A, Joy Taylor answers questions on the 20% tax deduction for qualified business income or QBI ...

Hobby income and expenses aren't reported to the IRS the way business income and expenses are. Here's how to tell what type ...